The average expatriate rent in Sydney is now USD 3 553, down over 2.5% from last year. The average monthly rent in Singapore is now USD 4 210 (SGD 5 747). Harnessing the power of data for a stronger workplace: How to create 7 employee productivity tracking tools for large businesses, The 7 best Harvest alternatives Comparison guide, 8 pro tips for effective hybrid workforce management. [Online]. The subsequent drop-off in demand due to the Covid-19 pandemic is amplifying this market imbalance explained Quane. Partnering with thousands of clients on every continent, we provide a fully-integrated suite of quality data, specialist software, consultancy and training. A paid subscription is required for full access. "Average Monthly Rent of Private Retail Spaces in Hong Kong Island from 2014 to 2019 (in Hong Kong Dollars per Square Meter). Hong Kong is on the list of the worlds most expensive countries. Yes, Hong Kong is an expensive city, the reasons why many foreigners decide to live here are the tax benefits, its business-friendly environment, and the high salaries. A paid subscription is required for full access. The prices here are very high for some separate items like luxury hotels, leisure, or shopping. 2023Employment Conditions Abroad Limited, Hong Kong remains most expensive location in the world for expat accommodation, despite drop in rent. The median after-tax salary is $2843, which is enough to cover living expenses for 1 months. Then you can access your favorite statistics via the star in the header. The Smart City Blueprint 2.0 is one such initiative. In, HKExnews. High demand and short supply have driven property prices to "unaffordable" levels in. Not only will this save you money, you will enjoy a less stressful living environment too. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Your use of this service is subject to our, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, Mobile Phone Monthly Plan with Calls and 10GB+ Data, Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate, A family of four estimated monthly costs are, A single person estimated monthly costs are. However, expats working for longer tenure will need a visa before starting work or living in Hong Kong. Currently, you are using a shared account. . The pandemic has had a serious effect on international business in general, but more specifically has severely limited the number of overseas workers moving to Hong Kong. You have probably seen the photos of Hong Kong real estate property on the web when they were talking about overpopulated places elsewhere. Here are the different average salaries of employees from various industries: Minimum wages refer to the lowest remuneration an employer must pay their hourly employees. Doing so can help you understand whether setting up a business in Hong Kong will be profitable. According to Numbeo, people pay an average rent of HKD 17,360 (USD 2,211) for a 1-bedroom apartment in the city center, which is kind of crazy. Show publisher information This program can help your outsourced business take off in the region quickly. Cost of Living & Prices in Hong Kong: rent, food, transport "Average monthly rent of private retail spaces in Hong Kong Island from 2014 to 2019 (in Hong Kong dollars per square meter)." MONTHLY COST Of Living In HONG KONG 2023 [Budget Guide] - One Life Passport Well also cover the three key benefits of outsourcing to Hong Kong. Tourism also has an important role in the regions economy, with visitors coming mostly from mainland China. and over 1Mio. Connects you with professional associations, government departments, human resource specialists, real estate companies, etc. In, Hong Kong Housing Authority. Cities in Taiwan all rose in the rankings this year, as rental markets saw an increase especially Taipei which climbed 20 places to 29th most expensive location worldwide. [Online]. Excellent economics data are available from the Hong Kong Census and Statistics Department. The list below shows average prices for November 2022. Available: https://www.statista.com/statistics/1041280/hong-kong-island-private-apartment-average-monthly-rent-by-size/, Average monthly rent of the private apartments in Hong Kong Island in 4th quarter 2022, by size, Immediate access to statistics, forecasts & reports, Size of luxury property one million dollars can buy worldwide 2022, by city, Grade A office cap rate in APAC 2022, by city and location, Number of flats in Hong Kong 2007-2022, by type of permanent housing, Mortgage delinquency ratio at authorized banking institutions in Hong Kong 2016-2022, Distribution of domestic households in Hong Kong 2006-2021, by type of housing, Number of real estate development projects in Hong Kong 2018-2021, by type, Number of new flats produced Hong Kong 2006-2021 by type of permanent housing, Total value of aggregated rateable values for property in Hong Kong 2015-2022, Government revenue from property rates in Hong Kong 2015-2022, Total value of assessments for property rates in Hong Kong April 2022, by region, Subsidized-sale flats in Hong Kong 2011-2022, Private permanent housing flat production in Hong Kong 2006-2020 by district, Monthly rent of the private apartments in Hong Kong Island Q4 2022, by size, Distribution of public rental housing flats Hong Kong 2022, by flat size, Average monthly rent of public rental housing in Hong Kong 2007-2022, by district, Public rental housing in Hong Kong 2012-2022, Stock of grade A office real estate in Hong Kong 2010-2021, Vacancy rate of grade A office real estate in Hong Kong 2010-2021, Completion of Grade B offices in Hong Kong 2016-2023, Take-up of Grade B offices in Hong Kong 2016-2021, KPIs of the largest real estate investment trusts (REITs) in Hong Kong 2023, Revenue of Sun Hung Kai Properties 2009-2022, Profit before tax of Great Eagle Holdings 2014-2020, Occupancy rate of Champion REIT's business properties 2016-2021, Price index of condominium units Philippines 2016-2022, Average weekly rents in student housing in the United Kingdom in 2018/19, Cities with the highest monthly rent for a dwelling in Italy October 2022, Number of new launches in the residential sector India 2012-2018, Property price to rent ratio in Walvis Bay and Windhoek Namibia 2019, by location, Sales volume in the residential sector India 2012-2018, Price index of townhouse units Philippines 2016-2022, Average weekly rents of student housing in London, United Kingdom 2018/19, Quarterly consumer price index of housing rent in Belgium 2017-2022, Average price of properties for rent in Rome, Italy, 2022, by area, Chile: monthly rent of an apartment in Santiago 2018, by size, Monthly rents in Malabo, Equatorial Guinea 2018, by property type, Average price of properties for rent in Venice, Italy, 2022, by area, Average monthly rent of the private apartments in Hong Kong Island in 4th quarter 2022, by size (in Hong Kong dollars per square meter), Find your information in our database containing over 20,000 reports. Helps you get a business license and with visa applications, trademark registration, IP (Intellectual Property) and trade regulations, etc. Advices on matters like living and working in Hong Kong. Quality of Life Index by Country Health Care Index (Current) Bottle of Wine (Mid-Range) 150.00 HK$ 70.00 Domestic Beer (0.5 liter bottle) 14.79 HK$ Imported Beer (12 oz small bottle) 21.17 HK$ Cigarettes 20 Pack (Marlboro) 69.50 HK$ One-way Ticket (Local Transport) 11.35 HK$ Monthly Pass (Regular Price) 500.00 HK$ Taxi Start (Normal Tariff) Cost of Living in Hong Kong. Jul 2023. Prices in Hong Kong - Numbeo The best salaries are paid to executive assistants, marketing assistants, IT guys, and project managers. (October 6, 2020). How much would an average meal cost in USD? - Hong Kong Forum CleanTalkUsed to prevent spam on our comments and forms and acts as a complete anti-spam solution and firewall for this site. Source: Edigest (in Chinese). Single person estimated monthly costs: HK$43,678 Hong Kong is the 2nd most expensive city in Asia (2 out of 20) Cost of living in Hong Kong is more expensive than in 91% of cities in the World (20 out of 214) What salary will you need in Hong Kong ? Show publisher information HKExnews. Hong Kong Homes, a premier real estate agency in Hong Kong that delivers excellent home-finding services in a wide range of property types: studio flat and simplex, duplex, triplex, penthouse, townhouse and detached house. Get quick analyses with our professional research service. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Business Solutions including all features. Don't break open that piggy bank just yet! Monthly rent - 900 sqft furnished accommodation in expensive area in Salt Lake City, Utah costs $1,677 (17 minutes ago) Please create an employee account to be able to mark statistics as favorites. Hong Kong Apartments for Rent - Nestpick Average monthly rent of private retail spaces in Hong Kong Island from 2014 to 2019 (in Hong Kong dollars per square meter) [Graph]. (August 31, 2022). Email: Jack.Firth@eca-international.com. If you want to save money, avoid going to bars on a frequent basis. out of 213. asia. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. 28Hse - Property for rent and sale in Hong Kong As a Premium user you get access to the detailed source references and background information about this statistic. Hong Kong is the crown jewel of Asia and attracts plenty of investors and entrepreneurs who want to benefit from its many business opportunities and low taxes. Moreover, the exports to Asia also increased, but in varying degrees. Skip to Content. The interest rate per annum for 20 years of the loan is 2.60%. Required fields are marked *. Old and young are encouraged to take part in the sporting programs in the country and the city of Hong Kong. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 39,000+ online stores and marketplaces. ECA International: Mobility solutions for a world thats constantly moving. Most expensive housing markets worldwide 2020, Average price of private permanent housing Hong Kong 2006-2021, by district, Monthly rent for grade A office real estate in Hong Kong Q1 2018-Q3 2022, by district, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. Cost of Living in Hong Kong. Updated Prices Jul 2023. - Expatistan Currently, you are using a shared account. Travel Economics for Expats and Travelers. Events such as successful submission or closing can be tracked using cookies. Average living space of public rental housing tenants in Hong Kong from 2007 to 2022 (in square meters per person) [Graph]. Shares details on tax regulations, business laws, sector-specific industries, and opportunities with you. To learn more and manage your preferences, see our. 2. 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